Hess Midstream (HESM) Invested Capital (2018 - 2026)
Hess Midstream (HESM) posted Invested Capital of $4.1 billion for Q1 2026, up 781.55% on a QoQ basis from $470.4 million in Q4 2025, and up 1.52% year-on-year from $4.1 billion in Q1 2025.
Hess Midstream (HESM) Invested Capital (2018 - 2026) Analysis & Trends
Hess Midstream has disclosed Invested Capital across 9 years of filings, most recently posting $4.1 billion for Q1 2026.
- Invested Capital for Q1 2026 came in at $4.1 billion, up 1.52% year-over-year; the trailing twelve-month figure through Mar 2026 was $4.1 billion (up 1.52% YoY), and the FY2025 annual result was $470.4 million, down 3.57% from the prior year.
- Invested Capital came in at $4.1 billion for Q1 2026 at Hess Midstream, up from $470.4 million in the prior quarter.
- Over the last five years, Invested Capital for HESM reached as high as $4.4 billion in Q3 2025 and fell as low as $375.7 million in Q4 2023.
- Median Invested Capital over the past 5 years was $3.5 billion (2023), compared with a mean of $3.0 billion.
- Year-over-year, Invested Capital tumbled 31.25% in 2022 and increased 29.84% in 2024.
- Over 5 years, Invested Capital stood at $531.5 million in 2022, then retreated by 29.31% to $375.7 million in 2023, then advanced by 29.84% to $487.8 million in 2024, then dropped by 3.57% to $470.4 million in 2025, then jumped by 781.55% to $4.1 billion in 2026.
- Per Business Quant, the three latest HESM Invested Capital figures stand at $4.1 billion (Q1 2026), $470.4 million (Q4 2025), and $4.4 billion (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 1,308.38 Bn | 1,309.08 Bn | 6.70 Bn | 59.19 Bn |
| 2 | Kinder Morgan | 112.34 Bn | 113.42 Bn | 3.08 Bn | 61.04 Bn |
| 3 | Enterprise Products Partners | 79.55 Bn | 78.40 Bn | - | 33.06 Bn |
| 4 | Energy Transfer | 65.78 Bn | 65.07 Bn | 6.62 Bn | 103.80 Bn |
| 5 | Targa Resources | 57.60 Bn | 57.63 Bn | 1.70 Bn | 21.59 Bn |
| 6 | Mplx | 57.17 Bn | 55.67 Bn | 2.54 Bn | 40.30 Bn |
| 7 | Oneok | 54.83 Bn | 54.70 Bn | 2.57 Bn | 54.45 Bn |
| 8 | Cheniere Energy Partners | 29.50 Bn | 29.22 Bn | 838.00 Mn | 12.69 Bn |
| 9 | Venture Global | 27.41 Bn | 27.36 Bn | 4.33 Bn | 47.30 Bn |
| 10 | Hess Midstream | 4.86 Bn | 4.85 Bn | - | 4.15 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 4.15 Bn |
| Dec 31, 2025 | 470.40 Mn |
| Sep 30, 2025 | 4.37 Bn |
| Jun 30, 2025 | 4.22 Bn |
| Mar 31, 2025 | 4.08 Bn |
| Dec 31, 2024 | 487.80 Mn |
| Sep 30, 2024 | 3.93 Bn |
| Jun 30, 2024 | 3.86 Bn |
| Mar 31, 2024 | 3.71 Bn |
| Dec 31, 2023 | 375.70 Mn |
| Sep 30, 2023 | 3.59 Bn |
| Jun 30, 2023 | 3.50 Bn |
| Mar 31, 2023 | 3.43 Bn |
| Dec 31, 2022 | 531.50 Mn |
| Sep 30, 2022 | 3.42 Bn |
| Jun 30, 2022 | 3.42 Bn |
| Mar 31, 2022 | 3.34 Bn |
| Dec 31, 2021 | 773.10 Mn |
| Sep 30, 2021 | 3.28 Bn |
| Jun 30, 2021 | 3.25 Bn |